It takes 18 minutes to start a company online and 3 minutes to file a tax return.
Estonia has also extended its digital identity scheme to make it available to anyone in the world. So-called “e-residency” doesn’t make you a citizen of Estonia but it allows you to set up an Estonian (and therefore EU) company online and to access Estonian banking and payment processing services. Since the program was launched at the end of 2014, 33,000 new e-residents have started around 5,000 new companies.